Posts by: RF Report


Taiwan: Tax Authority extends deadline for monthly business tax filings

Taiwan’s Northern Area National Taxation Bureau of the Ministry of Finance has extended the deadline for businesses filing monthly business tax returns for January 2026 to 23 February, citing the consecutive Lunar New Year holidays. The extension applies to declarations of sales, payable, or overpaid business tax amounts and aims to ensure smooth filing operations...

China introduces 2026 VAT reforms to support SMEs, agriculture

China’s Ministry of Finance and the State Taxation Administration have jointly released Announcement No. 10 of 2026 on 30 January 2026, introducing a comprehensive framework to ensure a “smooth transition” following the implementation of the Value-Added Tax Law of China. The new regulations, effective 1 January 2026, focus on reducing the burden for small businesses,...

Australia: ATO releases new SGE guidance for large private groups

The Australian Taxation Office (ATO) has released new guidance for large privately owned and wealthy groups (private groups) on assessing and reporting SGE status on 29 January 2026. Where a private group includes an entity that is, or may be, a significant global entity (SGE), the relevant guidance should be consulted to ensure accurate SGE...

Poland launches national e-invoice system (KSeF 2.0)

Poland’s Ministry of Finance announced that it has launched the national e-invoice system (KSeF 2.0) on 1 February 2026. Since launch, more than 50,000 invoices have already been submitted to the system. Poland’s Minister of Finance and Economy said the National e-Invoice System has launched smoothly as planned, marking a key step in standardising digital...

China updates VAT, consumption tax policies for export businesses

The Ministry of Finance and the State Taxation Administration have officially released Announcement No. 11 on 30 January 2026, providing a definitive roadmap for export tax policies under the nation’s newly implemented Value-Added Tax (VAT) Law. Effective retroactively from 1 January 2026, the announcement harmonises existing export practices with the new legal framework, affecting everything...

Australia to consult thin capitalisation reforms

Australia’s government has asked the Board of Taxation to independently review the recent changes to Australia’s thin capitalisation rules.  These changes were introduced in Schedule 2 of the Treasury Laws Amendment (Making Multinationals Pay Their Fair Share—Integrity and Transparency) Act 2024. In conducting the review, the Board will assess whether the amendments are operating in...

EU launches infringement procedures against member states over DAC8, DAC9 transposition

The European Commission issued formal notices to 12 Member States for not fully implementing Directive (EU) 2023/2226 (DAC8) on crypto-asset information exchange, and to 10 Member States for incomplete transposition of Directive (EU) 2025/872 (DAC9) on GloBE information returns in its January 2025 infringements package issued on 30 January 2026. Commission calls on Member States...

New Zealand: Government announces 2026 budget date

The New Zealand Government will present its 2026 Budget on 28 May 2026, outlining its financial intentions for the 2026–2027 fiscal year, Finance Minister Nicola Willis announced on 28 January 2026. “The focus of this year’s Budget will be on supporting the delivery of core public services – in particular, health care, education, defence, and...

Canada updates guidance on global minimum tax filing requirements

The Canadian government released an updated guidance on the global minimum tax on 30 January 2026, outlining preparatory steps for filing. The guidance details filing templates, deadlines, and the required information for the GloBE Information Return (GIR), the Global Minimum Tax Return, and the GIR Notification. GloBE information return (GIR) Entities required to file a...

Latvia introduces controlled transactions report to streamline transfer pricing compliance

Latvia has significantly reshaped its transfer pricing compliance framework from 1 January 2026, following amendments to the Law “On Taxes and Fees” adopted at the end of 2025. The changes are designed to modernise reporting requirements, reduce administrative burdens for taxpayers, and enable the State Revenue Service (SRS) to carry out more targeted and efficient...